Skip to main content

Decentralized Marketplace

Definition

A decentralized marketplace allows users to trade assets directly without a central intermediary. This platform operates on blockchain technology, enabling peer-to-peer transactions for digital assets, goods, or services using smart contracts. Unlike traditional markets, it lacks a central authority controlling operations, order matching, or fund custody. Participants interact directly through cryptographic protocols, enhancing transparency and reducing censorship risk. The system’s integrity relies on distributed ledger technology and automated agreement execution.